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Internationalization, related party transactions, and firm ownership structure: Empirical evidence from an emerging market

Lookup NU author(s): Dr Saurabh BhattacharyaORCiD



This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND).


This study seeks to understand the adverse impact of related party transactions (RPTs) on the internationalization of emerging economy firms. The study further explores how a firm’s ownership structure moderates the relationship between RPT and internationalization. Based on a sample of 367 Indian manufacturing firms, the study finds that RPTs have a negative influence on internationalization. Business group ownership is found to strengthen the negative relationship between RPTs and internationalization, whereas foreign shareholding weakens this relationship

Publication metadata

Author(s): Agnihotri A, Bhattacharya S

Publication type: Article

Publication status: Published

Journal: Research in International Business and Finance

Year: 2019

Volume: 48

Pages: 340-352

Print publication date: 01/04/2019

Online publication date: 07/02/2019

Acceptance date: 03/02/2019

Date deposited: 10/02/2019

ISSN (print): 0275-5319

ISSN (electronic): 1878-3384

Publisher: Elsevier


DOI: 10.1016/j.ribaf.2019.02.004


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